Coforge announced a partnership with ACORD Solutions Group, a next-generation digital solution platform, and is part of the Licensed Integrator Partner (LIP) program to drive automated submissions placing, accounting, and claims data exchange across its global broker, insurer, and reinsurer clients.
Through this strategic partnership, Coforge will empower its clients with access to advanced AI-powered extraction models. This innovative technology will enable the seamless digitization of crucial insurance documents, including submissions, contracts, accounting records, and claims.
ACORD Solutions Group’s Licensed Integrator Partner community is made up of solution and service providers alongside other industry stakeholders working to drive market-wide adoption of capabilities that modernize the global insurance industry.
As part of the partnership, Coforge will leverage ACORD Transcriber- an Intelligent Document Processing solution and ADEPT- a real-time, cloud-based digital data exchange platform to enable easier integration between brokers and carriers as well as support carrier integration with the London Market’s ‘Blueprint Two’ market modernization initiative.
Also Read: Coforge collaborates with Microsoft to launch the Copilot Innovation HubChris Newman, President International of ACORD Solutions Group, commented, “This partnership with Coforge marks a key step towards driving greater adoption of standardized data exchange and enhancing digitalization across the insurance industry. We’re happy to see the LIP community grow and help drive efficiency across the market.”
Additionally, Coforge’s clients will benefit from the ability to effortlessly send and receive digital data for placement, accounting, and claims with their global trading partners.
Rajeev Batra, EVP & Head Insurance of Coforge, said, “At Coforge, we have established strategic partnerships with leading core platform providers. These alliances have positioned us as market leaders in driving core transformation for our insurance clients. Our partnership with ACORD Solutions Group signals a significant step forward in developing connected enterprise solutions that are industry-leading and future-ready.”
